Texas Instruments Incorporated (NASDAQ:TXN) Given Average Rating of “Hold” by Brokerages

Texas Instruments Incorporated (NASDAQ:TXN) has been assigned an average rating of “Hold” from the twenty-two research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $209.20.

TXN has been the subject of a number of recent analyst reports. Barclays lowered their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Mizuho dropped their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Evercore ISI upped their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Bank of America cut their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd.

Insider Buying and Selling

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Morris Financial Concepts Inc. purchased a new stake in Texas Instruments during the 4th quarter valued at $248,000. Van ECK Associates Corp increased its position in Texas Instruments by 21.8% during the fourth quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company’s stock valued at $1,408,925,000 after acquiring an additional 1,345,629 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Texas Instruments by 35.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 505,874 shares of the semiconductor company’s stock valued at $94,573,000 after acquiring an additional 131,963 shares during the last quarter. Lester Murray Antman dba SimplyRich lifted its holdings in Texas Instruments by 5.6% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 2,602 shares of the semiconductor company’s stock valued at $487,000 after acquiring an additional 138 shares during the period. Finally, Kentucky Trust Co bought a new stake in shares of Texas Instruments during the 4th quarter valued at about $221,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $180.27 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments has a fifty-two week low of $155.46 and a fifty-two week high of $220.38. The firm has a market cap of $164.45 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 3.84 and a beta of 0.98. The business has a 50 day moving average price of $192.56 and a 200-day moving average price of $199.19.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. During the same quarter in the previous year, the company posted $1.49 earnings per share. Equities research analysts predict that Texas Instruments will post 5.08 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.